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Love the smokey background. Good info too

Yes, I am definitely looking to get a HELOC loan.

Very informative! Thank you. Do you work with clients in Texas?

It's the best, been reading over 10 years, you can look deeper there and learn the way the bond market relates too, it aggregates the other news stories into one link page

Loan Officer: guy whose JOB is to TRICK you into paying a HIGHER INTEREST RATE!!!

Guy has EARS from two different HEADS!!

"She got greedy" 100%!!!! This is why i love and wish we still have capitalist free market. The fooIs gets chewed up, the people that put efforts into living better working harder making good decisions gets rewarded

Those are not houses. Those are drone storage units from stellaris hive mind

Finally someone online that has any sense as to the state of the market. Arm loans- as you said makes up a fraction of the overall mortgage. Im sure i have the numbers slightly off but 40% of homes are completely paid off. Of the remaining 60% of homes with mortgages- 50% have below a 4% rate and 30% have a rate of below 3%. This is a massive contrast to 2008 when the housing market was filled with subprime loans due to stated incomes vs proved incomes. People working at McDonalds bought mansions and then thoee subprime loans were packaged with the few prime loans and sold them as bundles - thus the collapse of the housing & banking market. The mortgages have never ever been stronger in the history of our great country. Meaning 95 or more % of mortgages in the US are the strongest they have ever been- super duper prime. This not including inflation and the 10k baby boomers that are retiring every day and liquidating their 401ks and IRAs. Converting all that capital investment into cash which is going to contine to drive the proce of everything up, not just the housing market. They also dont mention that high interest rates also discourage developers to build houses which keeps supply much lower than the demand. 30% of homes are still selling above list. What is happening is that those "waiting" to buy are wishful thinking that therew will be a crash like 2008. Thats 100% impossible due to the reasons i have already stated. Those who dont find a way to buy soon will probably be priced out of the housing market for the next 10-15 yrs if not forever. My first house in AZ i paid 164 in 2016. I sold it in 2020 for 390k. The value increased by 80% or whatever it is. Imagine if we follow that same trajectory. A 500k house will be 900k in 4 or 5 years. Especially when interest rates are brought down because that will just bring more buyers to the market bc they can now afford entry homes. There is no good outcome for those that dont own now and make less than 150k per year. The best time to buy was yesterday and the next best time is today as the saying goes. I forgot to mention that the majority of people who hold mortgages have a ton of equity...the housing market is super strong

Absurd! Preach it. Time flies. Wake up!

Not really Mine was due on the 26th of every month Just saying

Does this affect our ability to get another loan if we pay one time after the 16th?

Wish you did a comparison of the interest paid of recast vs extra principle payments. I believe it's the same, but would be good info.

Buy the house first for a couple of reasons. 1) A home with a roof over your head. 2) It will likely appreciate in value. 3) Ownership even when bank or mtg company is an owner/partner is a good feeling.

My question is. How do you save more on interest? Recast or paying principal

I am an interpreter studying financial terms in ENG-SPA. You have helped a lot! I was looking for ages, and your video made me understand everything perfectly! You have a gift and should be teaching all the things you know. Congrats from Mexico!

Thank you I needed to hear this 😅

Thank you for this, this is great. I didn't even know that loan companies offered this as an option.

damn, its almost like most people who rent don't have enough money to buy the house they want...

bullshit

The grift is strong with this one. Love it

Received a letter from my mortgage stating I was delinquent on my county tax bill. Wish I would’ve known this first.

Did he tell you that you'll have to pay PMI for the whole 30 years? How much money is that?

Promo_SM ☺️

GREAT!

Good stuff. And Scott's lost weight!!!

Great vid but I’m not working with anyone called a fa-douche-iary!!😂😂😂 ok, I’ll grow up now!!!

Hi i have a question Lets say 200k loan 30 year fixed rate ive had it for 1 year but i paid an extra 10k so now the loan will be paid off in 23 years If i recast lets say i pay another 10k will it start my loan all over from the 29 year mark or will it continue from the 23 year because i previously put an extra 10k on it? Or will it drop from 23 years to lets say 18 years and lower the payment?

Love the ~”not timing the market more length of time in the market”

Hey there Scott, can you Re-amortize a VA loan?

Great message!

great video ! loving the series.

nice

What does your loan manager even do?

Great information. Love it

Great info!

Outstanding explanation of APR!

Outstanding explanation of the APR! Mystery solved!

excellent info

This is going to be GOOD!!

I am going to learn more about the different real estate investing classes that I market for an online education. I think I need to strengthen the connection what my potential students need and how the courses can solve the issue or develop their skills. Thank you.

Just say no! th-cam.com/video/_m23O-7s86s/w-d-xo.html

How is this platform useful for loan officers if they can’t use it to take full 1003 applications, run credits reports, requests forms and things other app do.

How is this platform useful for loan officers if they can’t use it to take full 1003 applications, run credits reports, requests forms and things other app do.

I don’t know how listreports is useful if you can’t use it to take a 1003 application.

President Trump lives on Twitter, maybe if he gets enough tweets about the forbearance and credit reporting issues, he will ask the Treasury Secretary to direct lenders (and Fannie Mae and Freddie Mac) to at least spread out the payments with instructions not to affect the credit reports. Just a suggestion.

Super informative and very timely. So much mis-information out there and you make it crystal clear what the truth is. Thank you!!